Transcript Morton CUSD 709

Morton CUSD 709
Tentative Budget
2013-2014
MORTON COMMUNITY UNIT SCHOOL DISTRICT 709
TENTATIVE BUDGET
2013-2014 SCHOOL YEAR
FUND DESCRIPTION
EDUCATION
REVENUES
EXPENDITURES
FOR 2013-2014
FOR 2013-2014
$
STATE PAYMENTS TO TRS*
EDUCATION TOTAL $
OPERATIONS & MAINTENANCE
22,647,530
$
3,100,000
25,747,530
22,627,213
3,100,000
$
25,727,213
5,292,000
7,043,535
BOND & INTEREST
568,100
563,731
TRANSPORTATION
1,021,850
950,700
MUNICIPAL RETIREMENT / SS
975,100
974,604
WORKING CASH
274,950
TORT FUND
368,000
421,987
3,500
559,490
FIRE PREVENTION - LIFE SAFETY
-
Assumptions
• Revenues
– Real Estate Tax Collections will be at 99.5%
of extension.
– Property Tax Revenue in 2013-14 is budgeted
to increase by $634,000 in the Education
Fund, $108,000 in the Operations and
Maintenance Fund, $33,000 in the
Transportation Fund and $23,000 in the IMRF
Funds over 2012-13 levels.
Assumptions
• Revenues
– Corporate Personal Property Taxes are
budgeted to at $1,254,000, the same level as
2012-13 actuals . However, no CPPRT
revenue is budgeted in the Education Fund, it
is all budgeted to the Operations &
Maintenance Fund and the IMRF Fund.
Assumptions
• Revenues
– GSA is budgeted at the 2012-13 proration
level of 89% for a total budget of $1,127,000.
All but $117,100 is budgeted in the
Operations and Maintenance Fund.
– Non GSA State Revenue in the Education
Fund will decrease by $160,000 from 2012/13
levels, mostly as a result of five Special
Education payments during the 2012-13 year.
– State Revenue as a % of Total Revenue in
combined funds is budgeted at 8.0%.
Assumptions
• Revenues
-Special Education State Categorical
Revenue assumes one payment from the
2012/13 state budget and three payments
from the 2013/14 State Budget. At the end of
2012-13, the State of Illinois was only 1
payment behind categorical payments. This
1 payment was made in July of 2013.
Assumptions
• Expenditures
– Total salary cost in Combined Education,
Operations & Maintenance and
Transportation Funds increased by $828,000
or 5.4%. This higher than normal increase is
due to the addition of several certified and
non-certified positions as well as the market
based increase in the pay rate for instructional
aides.
Assumptions
• Expenditures
-
Medical insurance costs are projected to
increase approximately $315,400 or 12.5%.
The 2012-13 year was another low medical
claims year for the District. As a result we
have budgeted claims increases at 12.5%.
Assumptions
• Expenditures
– IMRF employer contribution decreased
slightly from 11.83% to 11.47%. We have
experienced 10% increases each year since
2009 (after the stock market decline in 2008).
Assumptions
• Capital Projects
–
–
–
–
–
–
–
–
–
–
2013 Carpentry Work - $270,980
2013 Grundy Parking Lot - $153,600
2013 MHS Emergency Lighting & Backup - $128,200
2013 Masonry - $240,600
2013 Asbestos - $70,590
2013 Fire Alarm - $123,300
MHS Heating System - $1,400,000
Bus Facility - $1,000,000
MHS Asbestos Removal Main Office & Student Services - $60,000
MHS Courtyard Windows - $100,000
–
–
–
–
Card Access – all Buildings - $100,000
Grundy Playground Site Work - $40,000
Jefferson Pavement - $45,000
Jefferson Primary Wing Restroom - $50,000
Morton Unit School District 709
Education Fund by Function
Education Fund
2013-14
Budget
Revenues
Property Taxes
Personal Property Replacement Taxes
Interest on Investments
Other Local Revenue
General State Aid
Other State Sources
Federal Sources
Total Revenues
$ 19,028,000
$
$
85,000
$ 1,617,200
$
117,113
$ 1,005,000
$
795,217
$ 22,647,530
84.0%
0.0%
0.4%
7.1%
0.5%
4.4%
3.5%
100%
2013-14 Revenue Budget
Education Fund
$22.6 Million
Other Local
Revenue
7%
General State Aid
1%
Interest on
Investments
0%
Federal Sources
4%
Other State
Sources
4%
Personal Property
Replacement
Taxes
0%
Property Taxes
84%
Education Fund
2013-14
Budget
Expenditures
Salaries
Employee Benefits
Purchased Services
Supplies & Materials
Capital Outlay
Other Objects
Tuition
Total Expenditures
14,271,859
4,177,985
1,583,743
1,025,497
845,999
78,130
644,000
22,627,213
63.1%
18.5%
7.0%
4.5%
3.7%
0.3%
2.8%
100.0%
2013-14 Expenditures by Object Budget
Education Fund
$22.6 Million
Capital Outlay
4%
Supplies &
Materials
5%
Purchased Services
7%
Employee Benefits
18%
Other Objects
0%
Tuition
3%
Salaries
63%
BUDGET SUMMARY WORKSHEET
EDUCATION FUND – EXPENDITURES
** 2012-13 Unaudited
2011-12
2012-13
2013-14
ACTUAL
ACTUAL**
BUDGET
TOTAL SALARIES
$
13,171,800
$
13,522,200
$
14,271,900
TOTAL EMPLOYEE BENEFITS
$
3,646,700
$
3,924,900
$
4,178,000
TOTAL PURCHASED SERVICES
$
1,438,100
$
1,366,400
$
1,583,700
TOTAL SUPPLIES
$
681,700
$
995,800
$
1,025,500
TOTAL EQUIPMENT
$
607,200
$
579,200
$
846,000
TOTAL OTHER OBJECTS
$
545,900
$
716,900
$
722,100
TOTAL EDUCATION FUND EXPENDITURES
$
20,091,400
$
21,105,400
$
22,627,200
Morton Unit School District 709
Operations & Maintenance Fund
Operations & Maintenance Fund
Revenues
Property Taxes
Personal Property Replacement Taxes
Interest on Investments
Other Local Revenue
General State Aid
Total Revenues
2013-14
Budget
$ 3,282,700
$
967,000
$
10,000
$
22,500
$ 1,009,800
$ 5,292,000
62.0%
18.3%
0.2%
0.4%
19.1%
100%
2013-14 Revenue Budget
Operations & Maintenance Fund
$5.3 Million
General State
Aid
19%
Other Local
Revenue
Interest on
1%
Investments
0%
Personal Property
Replacement
Taxes
18%
Property Taxes
62%
Morton Unit School District 709
Operations & Maintenance Fund
Operations & Maintenance Fund
Expenditures
Salaries
Employee Benefits
Purchased Services
Supplies & Materials
Capital Outlay
Other Objects
Total Expenditures
2013-14
Budget
1,451,525
305,580
793,550
847,100
3,645,780
7,043,535
20.6%
4.3%
11.3%
12.0%
51.8%
0.0%
100.0%
2013-14 Expenditures by Object Budget
Operations & Maintenance Fund
$7.0 Million
Other Objects
0%
Capital Outlay
52%
Salaries
21%
Employee Benefits
4%
Purchased Services
11%
Supplies & Materials
12%
BUDGET SUMMARY WORKSHEET
OPERATION & MAINTENANCE FUND – EXPENDITURES ** 2012-13 Unaudited
2011-12
2012-13
2013-14
ACTUAL
ACTUAL**
BUDGET
TOTAL SALARIES
$
1,327,100
$
1,391,900
$
1,451,500
TOTAL EMPLOYEE BENEFITS
$
245,700
$
272,500
$
305,600
TOTAL PURCHASED SERVICES
$
380,900
$
466,300
$
793,500
TOTAL SUPPLIES
$
648,700
$
711,400
$
847,100
TOTAL EQUIPMENT/CAPITAL
$
522,900
$
262,300
$
3,645,800
TOTAL BUILDING ADDITIONS
$
1,363,900
$
1,606,300
$
0
TOTAL OPERATION & MAINTENANCE FUND
EXPENDITURES
$
4,489,200
$
4,710,700
$
7,043,500
$368,000
2013/14 Budget
Revenue by Fund
$274,950
$1,021,850
$975,100
Education Fund
$3,500
Operations & Maintenance
Fund
$568,100
Bond & Interest Fund
Transportation Fund
$5,292,000
IMRF Fund
$22,647,530
Working Cash Fund
Tort Fund
Life Safety Fund
2013/14 Budget
Revenue by Fund
0.9%
3.3% 3.1%
Education Fund
1.2%
0.0%
Operations & Maintenance
Fund
1.8%
Bond & Interest Fund
Transportation Fund
17.0%
IMRF Fund
Working Cash Fund
72.7%
Tort Fund
Life Safety Fund
General State Aid
$4,000,000
$3,500,000
$3,000,000
$2,500,000
$2,000,000
$1,500,000
$1,000,000
$500,000
$0
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Entitlement
hh
Corporate Personal Property Replacement Tax
$1,600,000
$1,400,000
$1,200,000
$1,000,000
$800,000
$600,000
$400,000
$200,000
$Jul
August September October November December January
2010/11
2011/12
February
2012/13
March
April
2013/14
May
June
Morton Unit School District 709
Education Fund Revenue by Source
100.0%
90.0%
3.9%
4.6%
4.9%
6.3%
4.9%
4.1%
16.6%
14.5%
12.7%
9.2%
9.2%
8.7%
3.6%
5.3%
3.5%
5.0%
80.0%
70.0%
60.0%
Federal Revenue
50.0%
40.0%
79.4%
80.9%
82.3%
84.5%
85.9%
2006/07
2007/08
2008/09
2009/10
2010/11
87.2%
2011/12
91.2%
91.5%
State Revenue
Local Revenue
30.0%
20.0%
10.0%
0.0%
2012/13
2013/14
Future Considerations
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State Economy
Pension Reform
Local Economic Growth
5 Year Maintenance Plan
Facilities Plan